First Financial Bankshares, Inc. (FFIN) vs International Bancshares Corporation (IBOC)

First Financial Bankshares, Inc. and International Bancshares Corporation are both Banks Regional companies. First Financial Bankshares, Inc. and International Bancshares Corporation are of similar size ($4.6B and $4.3B). International Bancshares Corporation trades at the lower P/E: 10.5× against 17.3×. First Financial Bankshares, Inc. grew revenue faster over the last twelve months: 9.46% against 2.08%. International Bancshares Corporation has the higher net margin (38.8% vs 31.0%) and the lower return on invested capital (10.8% vs 14.5%). Both pay a dividend; First Financial Bankshares, Inc. yields more (2.39% vs 2.39%). Across the 19 metrics below, International Bancshares Corporation leads on 14 and First Financial Bankshares, Inc. on 5.

Valuation

Metric FFIN IBOC Banks Regional median
P/E 17.26 10.53 12.15
P/S 5.36 4.09 2.37
P/B 2.33 1.29 1.21
Price to free cash flow 14.20 9.60 10.80
EV/EBITDA n/m n/m —
EV/Sales 4.69 3.77 2.27
Earnings yield 5.79% 9.49% 8.11%
Free cash flow yield 7.04% 10.41% 8.98%

Profitability

Metric FFIN IBOC Banks Regional median
Gross margin 76.77% 80.72% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 31.03% 38.83% 18.66%
Free cash flow margin 37.76% 42.55% 21.18%
Return on equity 14.41% 12.92% 10.64%
Return on assets 1.81% 2.47% 1.13%
Return on invested capital 14.47% 10.76% 8.33%

Growth

Metric FFIN IBOC Banks Regional median
Revenue growth (TTM) 9.46% 2.08% 6.61%
EPS growth (last fiscal year) 13.46% 0.76% —
Revenue growth, 5-year CAGR 10.57% 12.83% 12.30%
Net income growth, 5-year CAGR 4.65% 19.77% 9.71%

Health

Metric FFIN IBOC Banks Regional median
Debt to equity 0.00 0.04 0.22
Current ratio 0.67 0.77 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric FFIN IBOC Banks Regional median
Dividend yield 2.39% 2.39% 3.75%
Payout ratio 0.45 0.20 0.27

Size

Metric FFIN IBOC Banks Regional median
Market cap 4.61b 4.32b 921.07m

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